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A Regression Analysis Between Demand (Y in 1000 Units) and Price

question 39

Multiple Choice

A regression analysis between demand (y in 1000 units) and price (x in dollars) resulted in the following equation: ​ A regression analysis between demand (y in 1000 units)  and price (x in dollars)  resulted in the following equation: ​   = 9 - 4x ​ The above equation implies that if the price is increased by $1, the demand is expected to A)  increase by 5 units. B)  decrease by 4 units. C)  decrease by 5000 units. D)  decrease by 4000 units. = 9 - 4x

The above equation implies that if the price is increased by $1, the demand is expected to


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